Using data from the Symmetric Input-Output Table of the Greek economy for the year 2010, this paper estimates the corresponding Sraffian autonomous demand-transfer payments curve. The findings reveal certain technical-effective demand-social features of the Greek economy and provide a context...

Percentiles estimation plays an important role at the stage of making decisions in many scientific fields. However, the up-to-now research on developing estimation methods for percentiles has been based on the assumption that the data in the sample are formed independently. In the current paper...

This paper explores the dynamics of the Greek public debt. It supports that, first, the public debt is unsustainable and, second, the reduction in government expenditures and the cut in unit labour costs in the private sector seems to be the only available, al-though too little too late...

The purpose of this thesis is to describe the influence of the Common European Fiscal Framework (Maastricht Treaty) on the Economic Growth of Greece. Under specific hypotheses, we use the standard neoclassical growth theory model of Ramsey – Cass – Koopmans. For a period of 2000 till 2006,...

This paper argues that Marx’s theory of economic crises constitutes a system of three discrete ‘sub-theories’ on: (i) distributive growth cycles; (ii) effective demand; and (iii) the tendency of the average profit rate to fall. The paper explores the relationships between these sub-theories...

The economic crisis that inflicted Greece is international in character and its cause is in the decreasing profitability of capital which from a certain point onwards leads to the stagnation of profits, discourages new investment, reduces production and increases unemployment. If these are...

Το παρόν άρθρο πραγματοποιεί μια ιστορική αναδρομή αναφορικά με τις μεταβολές της νομισματικής πολιτικής στις ΗΠΑ μέσα από τις επιτυχημένες ή μη πολιτικές της...